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First Time Mortgage Application - Halifax Withdrew
Hello can someone please give me some advice as I am at my wits end here. My mum and dad are selling my their house for £36k. The house was valued at £55k. I am happy to do it to help them out. Application was made back in March and has been dragging on since June with solicitors doing searches and whatever else they do. I…
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To shorten mortgage term or not?
Hi, We are looking to remortage on a 2yr fixed deal. We have 24yrs left at present. On the new deal we could shorten the term to approx. 18yrs and still pay the same as we were on the old deal, or we could stick with 24yrs and pay less per month. We can afford to overpay, but with the mortgage interest rates lower than our…
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Subprime Mortgage
My/mine and my partners situation is such, We have a combined income of pretty much bang on 50K, we are looking to buy a 3 bedroom house with a budget of 170K and have been told we would be eligible to borrow around 200K with a 15% deposit which we have been given by my partners Mother. Yesterday I went to see an IMA…
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I need a copy of my Deeds
I need a copy of my Deeds, to check the details of a covenant that my neighbour is in breach of. Their house is an unregistered title, so their Deeds are not with the Land Registry. My title document refers to this covenant and the fact that there is no copy with the Land Registry. There must be a copy of it with my Deeds,…
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mortgage debts and secured loans advice please
Hello, im in dire need of advice and find it awkward discussing my financial situation. We own our home, its worth £215,000 (probably more) the mortgage is £96,000 remaining. we have a good amount of equity. Our debts total £32,000. £10,000 is secured debts and 20,000 unsecured. I repay £950 a month, and should be clear of…
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Deposit for a new build
Hi, Just pulled out of my first home purchase due to issues with the house. Was a 10% deposit on a house that was 4 years old with the mortgage through Lloyds. The new house that I want to buy is a new build - slightly more expensive by about £10k but that wont be an issue on the affordability I dont think but i've just…
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Re-Mortgage
Hi I can re-mortgage in May 2016 but I have a couple of questions. My original loan was for £116,044 for 2 years fixed which was more than 4.5 times my salary . When I re-mortgage I would like to borrow another £7k for windows and a driveway taking my total loan to £120,000 ( after what we have paid off in the first 2…
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Applying for a mortgage over the phone
Hi Everyone, I have a telephone appointment on Monday to submit a full mortgage application and as a FTB I'm super nervous. The bank have sent a list of documents to have to hand during the conversation which I have but I was wondering if anyone had any insights into how to make the process go as smoothly as possible…
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Soft search mystery
Hi I enquired with an IFA regarding remortgaging my property and was recommended Natwest. Property worth about £450k and require £127k. Need about 4.5 x salary to cover it. I went into Natwest branch as I bank there and enquired direct but after a soft search I have been advised it is not within my interest to apply with…
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remortgage owned house to get a buy to let
This has probably been asked many times , but would it be possible to remortgage our current house ( owned outright worth 250k+) to purchase a buy to let as a future nest egg on a normal mortage ? does this require a specialist lender ? thanks in advance
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Remortgage question
Hi I'm currently remortgaging and just wanted some advice. My solicitor has set a date for completion on the 10th September when will my first payment to nationwide be 1st October or November? Thanks Shaun
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RBS Application has been submitted
Hi All, I have posted this on the awaiting mortgage decision but wanted any other views. We have just had an offer accepted today on a house and the broker I planned to use is now on holiday for 2 weeks. I have applied to Natwest/RBS (who we both have banked with for 20+ years) online as the vendor is pushing us to…
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FTB help
Hi. Any advice would be appreciated. I have applied for a Nationwide mortgage and a valuation was carried out last Wednesday (28/08). I received a text message saying that the valuation will be reviewed and they will contact me if more information is needed. To date I haven't heard anything. I am just wondering, do I need…
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Halifax Overpayment
Hey everyone, I have a Halifax Mortgage setup, as soon as I could I made an overpayment to cover the fees lumped onto it, plus a bit more for good measure. I’d like to do this once a month, by varying amounts. I have tried to call the switchboard twice today and it just takes ages – having to enter my date of birth, just…
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free up equity in rented property
Hi there I'm an IT contractor working as a ltd company so I'm a bit restricted on what mortgages I can get. I own a flat and a small house outright which are both rented out. I'm in a contract at the moment and earned about 40k last year. I want to free up the equity in these in order to buy another couple at auction. The…
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Rent out extra house or sell it?
Hi all, Husband and I are about to finish works to split our house into two houses - each three beds. We are planning to live in one of them (the "new one" next door), but can't decide whether it would make better financial sense to sell the current house or rent it out? If we sold, we would clear our residential mortgage…
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paying debts when moving
Hi all, Sorry if this is covered elsewhere, had a search and came out still looking!! My wife and I are currently in the process of putting our flat on the market, the valuation is positive and we are able to put a deposit on a house, pay for all the fees stamp duty etc and pay off an outstanding loan with the equity in…
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BTL Mortgage - Banks wont lend on city centre flats
I have had 2 BTL mortgages turned down following valuation surveys because the flat does not meet the banks requirement as it may be limited to investors rather than residential purchasers in the event of the bank re-possessing the property. Both valuations have said the flat is worth the mortgage value and will support…
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Help to Buy / First Time Buyer
Hi All, I really hope this is the correct kind of forum for me to post this question in - sincere apologies if this isn't. Basic information: Salary - 27-28k Includes bonus of around 2.5k (that can be shown for a number of years) Savings: 15k I am hoping to utilise one of the Government schemes, such as Help to Buy or…
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Nat West mortgage criteria
Hi all, my daughter has a fixed rate mortgage with Nat West which ends soon. Do any of you lovely brokers know if they do a full affordability check when they re-apply for a new fixed rate, or can she just apply for a retention product please? She's not applying for any more money or to extend the term, just to swap to a…
